Arizona Housing Info:

Because of recent population growth, Arizona’s housing market is healthy and active. Single family homes and town homes make up a majority of Arizona’s occupied housing. In 2012 the Phoenix area median single-family-home sales price shot up almost 34 percent from the previous year -- $122,500 to $164,000; however, rent to own, lease to own, or foreclosure offerings can get you a great house at a lower price. About 56.8% of residents live in single family detached homes. Statewide, the median asking price for a single family home is $229,000.

Arizona’s Neighborhoods:

As of 2012, the U.S. Census Bureau estimated Arizona’s population to be 6.5M people, a 2.5% increase from the 2010 census. As of January 2012, the population of Phoenix alone is 4.3 million, making it the most populated city in Arizona and the sixth most populous city in the United States. There are many houses with rent to own financing in the Phoenix area as well as across the entire state of Arizona.

About one quarter of Arizona land is federal land inhabited by fourteen Native American tribes, including the Navajo, Hopi and Apache. Over 85,000 Arizonans speak Navajo, making Arizona home of the largest number of Native American language speakers in the 48 contiguous states. Based on 2011 data from the US Census Bureau, 57.4% of the Arizona population is white, while 30.1% is of Hispanic or Latino origin. American Indians make up 5.2% of the state population, while black persons account for 4.5%. The remaining part of the state population is comprised of Native Hawaiians, Asians, and people reporting themselves to be of mixed race.

Arizona Economy:

Like many other areas in the United States, the Arizona job market has rebounded greatly over the past 5 years and offers incredible employment opportunities. The unemployment rate has fallen nearly 30% from its all-time high to a level of 7.9% which is currently lower than the national average. The median household income is $50, 448, but it is showing signs of growth each year pushing it towards one of the higher median incomes in the country. The economic outlook for Arizona makes it an excellent place to find a home using a rent to own or lease to own housing option.

Most of the Arizona workforce is employed in occupations related to administrative work, sales and food preparation. The state government and Walmart are among the state’s leading employers. Mining, manufacturing and tourism also fuel the state economy. Arizona produces over half of the country’s copper, earning it another nickname, “The Copper State.”